How Business unfriendly has the State of California become? Here’s one more example. (From the AP) A luxury yacht builder said Tuesday that it will consolidate two underused manufacturing plants, closing one in California and adding about 350 jobs in North Carolina within five years.

Lake Forest, Ill.-based Brunswick Corp. said Tuesday it will close its Cabo Yachts plant in Adelanto, Calif., by the end of 2010. Production will move to its Hatteras Yachts factory in New Bern, where 280 workers remain after several rounds of layoffs slashed the workforce from 1,400.

The company could receive up to $3.1 million in refunds on its North Carolina taxes if it hires the workers and keeps them for 12 years.

Hatteras Yachts range from 50 to 100 feet, while Cabo sportsfishing boats are in the 32- to 52-foot range.

Read more here: Yacht builder to close CA Plant; to add 350 jobs in NC