Partner Q&A

ewalsh • September 12, 2016

In this new age of uncertainty–where the environment, society and financial system are all connected–a strong and solvent insurance industry is needed more than ever. Companies like GoodWorks Insurance are leading the way as they help clients assess risk and prepare for the future. They are also committed to building strong communities.

We recently sat down with GoodWorks Senior Vice President Ed Ryan to hear more about their innovative work:

 

Q. We know that GoodWorks strives to have a “purpose beyond profit” by donating no less than 50% of its operating profits to local NGOs each year. That is not an insignificant amount! How do you manage it?

A. We are able to grant 50% of our operating profit because we are a lean organization. We try to exceed our industry’s best practices in virtually every category and operate with a smaller but very experienced staff in all of our CT and MA offices. When GoodWorks started, it filed a business plan with the states where we operate that requires the 50% donations. We have learned to operate within those parameters.

Q. Can you tell us a bit about the charities you supported last year and why you’ve chosen to support education, healthcare, and public safety programs in particular?

A. GoodWorks’ overarching purpose is to support the communities where we operate. As opposed to taking from the community and not giving back, we strive to be different. This is a key factor whenever we seek to add a new business to our organization. That business needs to have the same motive that we do. We believe that nonprofits involved with education, healthcare and public safety are at the heart of local community support. Sometimes when a nonprofit contributes directly to community support in another way, we will donate to it. reSET fits that mold. Some charities that have received recent donations are: Operation Fuel in CT, New Milford Visiting Nurses in CT, Kids Play Museum in CT, Community Health Programs in MA, and Berkshire Community College in MA.

Q. What is one piece of advice you would give to other businesses–insurance or not–that are thinking about adopting a model like yours.

A. Becoming a socially responsible business requires a total commitment. That’s why GoodWorks made its voluntary filings when it began operations 10 years ago. The decision was made to learn to operate on half of our profits, not some of the time, but all of the time. Now that we are used to doing so, it has become the norm and allows us to be able to support the charities that we do. Our next step in this process is to work more closely with entities that wish to sponsor our business offerings by setting up special funds that allow us to earmark 20% of our net revenue (aka 50% of our operating profit) to donate to charities these sponsors care about. It makes the donations more palpable and helps GoodWorks to more directly support the sponsor’s goals and initiatives.

Our Strategic Partners

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Program Supports Early-Stage Retail Businesses with $7,000 in Grants Hartford, CT – Tuesday, September 29, 2026 – Reset, the Connecticut-based entrepreneurial support organization committed to advancing impact-driven businesses, is proud to introduce the ten businesses participating in the sixth cohort of the Floor–Plan Retail Incubator this fall. The program equips local founders with the tools to launch, grow, and thrive in today's retail landscape. Thanks to support from the Connecticut Department of Economic and Community Development, each business completing the program will receive a $700 grant to support their business. Save the date: Focus @ Reset: Retail in Real Time The Incubator will culminate in the Focus @ Reset: Retail in Real Time graduation and pop-up market event on Wednesday, November 18 from 5:30-8:00pm at Southern Connecticut State University in New Haven, where the community can meet these entrepreneurs and experience their products firsthand. Get tickets at https://bit.ly/retail26 with the early bird discount of $5 off tickets purchased before November 1. "This cohort is building businesses that infuse care, heritage, and artistry into every product they make, and we’re excited to develop strong local businesses that invest right back into our communities," said Sarah Blecher, Executive Director of Reset. "This group brings the total number of retail businesses supported through the Retail Incubator to 73 since its launch in 2021." "From Puerto Rican pastries to block prints about collective liberation, this cohort shows how many different paths lead to a meaningful retail business," said Ndubisi Okeke, Reset Program Manager. "Our Retail Incubator gets them ready for holiday sales and sustainable operations well beyond this season, building businesses with impact." 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Asabodi, created by Melissa Carrasco, is a growing small business offering vegan and plant based skincare products like turmeric sugar scrub, body butters, lotions, African black liquid soap, and scalp stimulator. Dream Fleurs , founded by accessory and web designer Maureen Connelly, is a lifestyle accessory brand inspired by flowers, travel, and historic gardens around the world. Granny's Doggie Treats , is a growing small business created by Claudia Cupe, specializing in quality, homemade dog and cat treats crafted to provide pet parents with wholesome, flavorful options while promoting responsible pet care and supporting the special bond between pets and their families. L&M Desserts , led by owner and head baker Anaïs Esther Nuñez, is a family-operated business bringing authentic Puerto Rican desserts to families, events, and catering clients across Connecticut. NUR the Label , founded by Yasmin Laila, is a contemporary fashion brand reimagining the kaftan through a modern lens, honoring African and Middle Eastern dress traditions with pieces designed for celebrations and everyday expression. Pajareando Press , created by artist, educator, and community organizer Elida Paiz Pineda, creates one-of-a-kind block prints, illustrations, and craft works exploring social justice, collective liberation, and radical joy. Ruby Sampson , founded by Ashley Powdar in 2016 in honor of her grandmother, is an artisan-powered brand based in the U.S. and Guyana that creates silk-lined hair accessories, head wraps, and apparel on a mission to close the grooming gap for natural hair textures. Trinkky Trinkks , founded by performer and choreographer Cristal Coleman, is a specialty gift boutique offering handcrafted jewelry alongside curated handbags, accessories, and unexpected finds, built as a pathway toward generational wealth. Wábi Arts , founded by photographer and arts advocate Kim Weston, is a developing gallery and teaching space in downtown New Haven featuring Connecticut-based and emerging artists and home to the FOCUS Fellowship, a teen photography mentorship program. About the Floor–Plan Retail Incubator Now in its sixth year, it is part of a suite of retail opportunities from Reset and Hartford-based Breakfast Lunch & Dinner, a community activation studio. Reset’s three-month incubator provides entrepreneurial technical support to early-stage retail businesses, helping participants understand customer needs, define pricing strategies, address key legal and financial topics, and prepare for new market opportunities. Entrepreneurs gain insights from industry experts, access a supportive community, and receive practical tools to enhance their business acumen. Through the Floor–Plan partnership, entrepreneurs can access additional market outlets and retail opportunities through Breakfast, Lunch & Dinner. About Reset Founded in 2007, Reset is a nonprofit organization headquartered in Hartford, CT, whose mission is advancing the social enterprise sector and providing inclusive entrepreneurial support across Connecticut. In February 2025, Reset acquired New Haven-based Collab, combining complementary strengths to create a more robust ecosystem for impact-driven entrepreneurs throughout the region. Reset specializes in social enterprise, meaning impact-driven businesses with double or triple bottom lines, and provides coworking space, accelerator programs, and mentoring services that inspire innovation and community collaboration. To date, Reset and Collab have assisted over 700 small businesses to start and grow with impact, and reached thousands more through low-touch supports. Visit resetco.org to learn more. # # #
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