Boat builder changes course.

• Position: Eastern

Brunswick Corp. is closing its 200-employee Hatteras Yachts plant in Swansboro, a year after local boosters gave it an award for creating the jobs. But state officials say Brunswick, a Lake Forest, Ill., company with nearly $5.7 billion in revenue in 2007, will get more than $4.5 million in state and local incentives for opening another plant farther down the coast. "Regardless of what they do elsewhere, it's going to be at our expense," says Jim Reichardt, director of the Onslow County Economic Development Commission. "The whole thing has been a shocker to us." Hatteras Yachts' headquarters is in New Bern, about 30 miles away in Craven County, and Brunswick's new plant, where hiring is under way, is in Navassa, west of Wilmington in Brunswick County.

Brunswick bought that plant in July from Rampage Yachts and pledged to create 858 jobs by March 2011, says Deborah Barnes, a spokeswoman for the N.C. Department of Commerce. If it does, it will collect $4.36 million from the state's Job Development Investment Grant fund, $200,000 from Brunswick County and $25,000 each from North Carolina's Southeast, the partnership that promotes the region, and local recruiters. Eliminating the 200 jobs in Swansboro won't count against it, Barnes says. "The grant was to build a different line of boats. Hatteras was never mentioned in it. It's the same company but...