Newark's renaissance will be short-lived if companies don't hire locally

Kimberly McLain writes for the Star-Ledger about the revitizaltion of Newark, NJ and makes an arguement about hiring locally:

[T]here are direct financial benefits to anchor institutions and businesses - hiring locally lowers recruiting costs, increases diversity and inclusiveness, strengthens employee commitment and loyalty, and reduces outsourcing costs.

You can read more here at the Star-Ledger...