In an effort to keep one of its own local, the city of Yonkers and the Board of the Yonkers Industrial Development Agency announced in April that they would pass a resolution to negotiate the terms of an economic incentive package with Altman Lighting, a leading theatrical stage and architectural lighting company. The move would help Altman Lighting facilitate its $4.6 million modernization plan to upgrade its existing 100,000-square-foot facility and to replace equipment in order to begin manufacturing LED lighting systems in Yonkers. Altman's investment plan also includes the creation of 10 new positions to complement the existing 103 jobs at its 57 Alexander Street facility. The ability to manufacturer locally allows Altman Lighting to maintain its market competitiveness and to eliminate the need to send production work overseas to China.