Xspero network now includes 120 South Jersey businesses! Please join

Last year Baysave became joined as an Xspero charity beneficiary and promoter after introduction through the Millville Chamber of Commerce and the Vineland Chamber of Commerce. In short, Xpero is a cell phone based service that promotes local businesses and financially supports local nonprofit organizations. I found that Xspero is a great business with strong people and a great concept. But I suspected that it would take them a long time to reach ‘critical mass’. Yesterday Xpero announced that their network has grown to 120 local merchants. We see that many of our local favorite merchants are included.

Baysave is pleased to be an Xspero affiliated charity

We are asking you to please do two things:

  1. Download the Xspero app on your phone and name Baysave as your designated charity.
  2. Check out the list of merchants and make a $25 purchase on your phone in advance of your visit.

This was their email announcement yesterday:

“XsperoTM is growing everyday thanks to supporters like you! We now have more than 120 south jersey businesses in the Xspero Network!

Don’t forget to shop within the Xspero Network, because 20% of your Xspero purchases goes to Baysave Corporation!

Finding new favorite restaurants, salons, auto mechanics, and more are an added bonus to making purchases you can feel good about!

Check out our updated list of great Xspero Merchants below and don’t forget to turn your phone’s notifications to on and your location sensor to always allow in order to get reminders to use Xspero when you’re at or near one of these excellent local merchants!

Check your Xspero app for new merchants often!”

Merchant Address Town
The Piccolo Cafe 3569 E Landis Ave Vineland
Pizza Queen 1383 South Main Road Vineland
Golden Palace Diner 2623 S Delsea Dr. Vineland
Outlaws Burger Barn & Creamery 1370 S Main Rd Vineland
Health Foods Plus, LLC 502 E. Landis Ave #B Vineland
Vann Auto Group 899 South Delsea Drive Vineland
Salon Millennium 1881 S Delsea Dr Vineland
Wall Pro Paint 2832 Dante Ave Vineland
Anny & Melissa Multi Services LLC 541 E. Landis Ave Vineland
South Jersey Landscape Supply 1363 South Delsea Drive Vineland
Pure Aire 920 N. Delsea Drive Vineland
South Jersey Shirts 2242 S. Delsea Drive Vineland
Parrish Sign Co., Inc. 2242 S. Delsea Drive Vineland
Maplewood III of Vineland 200 N. Delsea Drive Vineland
Main Auto LLC 2515 S. Main Road Vineland
BH Furniture 585 N. Delsea Dr. Vineland
Merighi’s Savoy Inn 4940 Landi Ave Vineland
Mary’s Hallmark 3600 E. Landis Ave, Ste 16 Vineland
The Greenview Inn @ Eastlyn Golf Course 4049 Italia Ave Vineland
Al’s Shoes 639 E Landis Ave Vineland
Back To The Juicer 714 E. Landis Ave Vineland
Brass Frog Photography 742 E. Landis Ave #1 Vineland
T & F Camera Shop 1362 S. Delsea Dr. Vineland
Juvante Formal Wear 735 East Landis Avenue Vineland
Budget Muffler and Car Care Center 4 N. 8th Street Vineland
Five Points Tuckahoe Rd & Landis Ave Vineland
Tri City Products 2192 S. Delsea Dive Vineland
Cilantro Mexican Restaurant 523 E. Landis Ave Vineland
Salon Fabrojae’ 782 Brewester Rd Vineland
DNS Solutions 2898 S. Main Road Vineland
Anytime Fitness 301 S Main Rd Ste D5 Vineland
Steven L Rasner DMD 2106 W Landis Ave Vineland
Dominick’s Pizza 1768 S. Lincoln Ave Vineland
Dusharms Pro Footwear Inc 8 N. Main Rd Vineland
Uncle’s Garage 1016 S. Delsea Drive Vineland
Diamonds & Design 1181 E. Landis Ave, 1183 Vineland
Peace Love Yoga 3722 E. Landis Ave Vineland
Eagle Mobile Electronics 759 N. Delsea Drive Vineland
Bagel University 1406 S Main Rd Ste 3 Vineland
LaTorre Hardware 1607 S. Delsea Dr. Vineland
The Spot 618 E. Landis Avenue Vineland
Tuckahoe Bike Shop 2151 Rte 50 Woodbine
D & M Discount Fuels 49 Remsterville Rd Woodstown
Matteo Kitchens 20 Old Salem Rd Woodstown
Morroni Custom Clothing 138 Gentry Drive Swedesboro
Sal’s Coal Fire Pizza 501 N New Road Somers Point
Suffolk Stables 1418 Old Indian Mills Road Shamong
Mathnasium Math Learning Center 141 Tuckahoe Road Sewell
Educational Technology Professionals, LLC Salem
Lisa’s Place 957 Main St. – Canton Rd Salem
Tuckahoe Bike Shop 2151 Rte 50 Woodbine
Niblocks Pork Shop 94 Quinton Marlboro Rd Quinton
Forty Embroidery & Design LLC 389 Harding Highway, Ste 8 Pittsgrove
The Find Shops 1207 U.S. 40 Pilesgrove
Sharon Kay Flooring Concepts 194 N. Broadway Pennsville
Preferred Termite & Pest Control 194 N. Broadway #2 Pennsville
Upper Sandwiches 1222 Route 9 South Palermo
Route 50 Trading Post 67 Route 50 Ocean View
Teresa D’s Bruncheonette 3075 North Route 9 Ocean View
Abella Salon & Spa 601 E 9th St Ocean City
La Cucina Ristorante 1205 Tilton Road Northfield
The Honey Tree 331 Tilton Road Northfield
Naomi’s Cafe 801 Tilton Road Northfield
Cedar Rose Vineyards 431 Kenyon Ave Millville
Bogarts Bookstore & Cafe 103 N. High Street Millville
Colonial Flowers 311 N. High Street Millville
Mike F Business 600 G Street Millville
Positivly Parties 1101 Cedar Street Millville
Andrea Trattoria 16 North High Street Millville
Darryl Barnett Photography 336 Reick Ave Millville
Philly Pretzel Factory – Millville 2132 North Second Street Millville
El Guacamole 110 N. High Street Millville
Old Oar House Irish Pub 123 N. High Street Millville
Wildflower Vegan Cafe 501 N. High Street Millville
BJ Roasters 233 N. High St Millville
Millville Nutrition 10 E. Main Street, Suite D Millville
Pampered Pup Luxury Pet Resort 2709 Mays Landing Road Millville
Pets Plus 4450 E Black Horse Mays Landing
Shore Clean Auto Care Center 452 Route 9 South Marmora
Ernest and Son Sub Shop 2110 New Road Linwood
Tacocat 2110 New Road Linwood
BC Hair Salon 203 W Delaware Ave Landisville
Reyes and Shine Office Space 240 S White Horse Pike Hammonton
Erco Interior Systems 32 N. Delsea Drive Glassboro
Games on the Go 116 Green Ave Glassboro
South Jersey Florist & Gifts 191 S New York Road Galloway
4 A Star 75 Iroquois Drive Galloway
McGettigan’s 19th Hole Tavern 500 South New York Road Galloway
Atlantic County Harley-Davidson 219 East Whitehorse Pike Galloway
Highland Carpet 1736 Dutch Mill Road Franklinville
Triple Oaks Nursery & Florist 2359 Delsea Drive Franklinville
Elmer Door Company 465 Rt.40 Elmer
Joe’s Butcher Shop 711 Gershal Ave Elmer
The New Dodges Market 55 Chestnut St Elmer
Voros Plumbing & Heating Supply P.O. Box 789 Elmer
Fred Harz & Son, Inc 26 Chestnut St. Elmer
Stir it Up 6825 Tilton Road Egg Harbor Township
Atlantic City Sub Shops 6825 Tilton Rd Egg Harbor Township
Your Chiropractor Inc. 6825 Tilton Road Egg Harbor Township
Deltona Tires 6700 Black Horse Pike Egg Harbor Township
Viet Pho 1500 Almonesson Rd Deptford
SEK Productions 1920 Kennet Ct. Cherry Hill
Music Stop 1027 Route 9 South Cape May Court House
Jarett Mutts Photography LLC Camden
Sidelines East Sports Bar 1202 Tuckahoe Rd Buena Vista
Richland General Store 1275 Harding Highway Buena Vista
The Pickwickian Tavern & Smokery 1252 Harding Highwa Buena Vista
Bellview Winery 150 Atlantic street Buena
Muncie Restaurant and Bar 528 N. Harding Hwy Buena
Cordivari’s Restaurant 3004 W Brigantine Ave Brigantine
Lairsons Electronics 1036 N. Pearl Street Bridgeton
Kat’s Kreations 2 Cassidy Court Bridgeton
Russell’s Automotive Sales & Service Center 712 Landis Avenue Bridgeton
Everfresh Salads 2 Cassidy Court Bridgeton
Dutch Country Meats 2 Cassidy Ct Bridgeton
Giovanni’s Collision Center & Recovery 531 E Commerce St, Bridgeton
D – Lee’s Deli & Cheese 2 Casside Ct. Bridgeton
Dusty’s Custom Auto Detailing 875 N. Pearl St Bridgeton
Tommy’s Auto Repair 875 N. Pearl St. Bridgeton
Atlantic City Cruises 800 N New Hampshire Ave Ste 6 Atlantic City
Vagabond Kitchen & Tap House 672 N. Trenton Avenue Atlantic City

Send lawyers guns and money

The redevelopment of Money Island, New Jersey, will take plenty of professional help, construction materials, equipment and lots of money. Right now we are a blank canvas, the stripped down sleepy seafood landing port that has the potential to be a regional force in sustainable aquaculture in coming decades. With removal of the former residences, and more home demolitions likely over the next couple of years, the remaining tiny marina community and working waterfront are now just positioning with the next generation of users to build a sustainable future. We are pulling support from a range of sources: private aquaculture investors, government, people with recreation/tourism business interests and local business people making in-kind contributions of time and materials. Educational institutions and nonprofits continue to play a major role in our current activities but, so far, are not involved financially.

The legal format and operational plan that works best here is to form a series of limited partnerships for each project as it develops and then offer the stakeholders the option to convert to qualified small business stock if they want to stay for the long term. This effectively creates a community capital fund by pooling the resources of different stakeholders with widely different interests. The first stage typically offers a fast up-front tax shelter. The second format offers long term tax-free capital gains. Nonprofit and government stakeholders have their own well-defined requirements and goals. We are especially excited about the opportunity to offer local small business people the opportunity to be equity stakeholders here based on a contribution of material, work or equipment.

We plan to host a series of meetings soon that will be open to the public to discuss progress, upcoming projects and opportunities to get involved. Meanwhile, contact Tony to learn more about the progress.


*Guns of course are a sensitive topic and already a reader questioned my choice of the title phrase and some may not be familiar with the origin of the pop culture phrase. If you actually consider the narcissistic context that Warren Zevon coined the famous phrase in his lyrics, it is antithetical to this use and most contemporary uses of “lawyers, guns and money”, especially by environmentalists and lawyers. I intended the word “guns” as metaphorical for “equipment” as was integral to the meaning of this post. But I do like a the brashness and tone of the current generation of the young environmentalists this week with a revolutionary spirit who do not agree to do things the docile compliant ways of the past. I’m not saying they should take up guns per se, but maybe Greenpeace-style aggressive tactics are not too radical on a longer term perspective.

Social determinants of crowdfunded investment decisions

A new article published this week in the Journal of Business Finance and Accounting takes a step forward in the path that has been unfolding for those of us working at the intersection of community projects and private investments. The paper abstract says (emphasis added): “We investigate determinants of investment decisions in investment‐based (equity and bond) crowdfunding campaigns, using a novel investment‐, investor‐ and campaign‐level database, where equity refers to investments in entrepreneurial start‐ups and bonds to large real estate projects. We find that investors who have higher social interactions invest more. Social interactions are important in an equity crowdfunding context but do not affect participation in bond investments. This is consistent with the view that investors’ social networks help reduce information asymmetry. Women invest less in the riskiest (equity) investments but more in safer ones (bonds). These findings are better explained by differences in risk aversion than differences in overconfidence between men and women. Overall, the findings contribute to the understanding of how investment‐based crowdfunding can be a viable source of entrepreneurial finance and how entrepreneurs’ campaign decisions affect investor participation in this new form of entrepreneurial finance.”

What this means for us, simply, is that Baysave equity crowdfunding strategy should focus on men who are active is social media platforms or otherwise well-connected in their communities. Other lower risk debt-based projects like private mortgage might be more interesting to female and institutional investors.

This research finding appears to be consistent with earlier research and our own observations. Specifically, it addresses the ongoing conflict where the larger private investors want to discourage us from publicizing news of bayshore redevelopment while, in contrast, I see public media and social medial more frequently as a source of strength. Whenever publicly disclosed information is used against us in a marketing or legal situation, I hear a “told you so” from investors who prefer to remain private.

This is a useful reminder to us as we revise our 2018 strategic plan documents for 2019.

Crowdfunding for scientific and environmental projects

Since 2015, public media in Australia has covered the gradual transition of funding for scientific and environmental project to social media. ABC and NBC networks produced updates this week. ABC writes:

“The competition for research funding is driving some Australian scientists to crowdfunding. It can take up to a year for academics to find out if they’ve been successful in getting government grants. It’s highly competitive with the success rate for the Australian Research Council usually about 18 percent. But going cap in hand to the public, via the internet, isn’t a sure thing either.”

Crowdfunding has the potential of being faster than the grant process. But it has its own challenges. Baysave is also learning about crowdfunding; we’ve had some success and some learning experiences that were not immediately successful. In the long run, I suspect that both methods must be used in tandem for smooth operation in today’s environment.