Defense Economic Reinvestment Act of 1993

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Worker and Military Personnel Assistance Programs Title II: Defense Economic Development Title III: National Technology and Industrial Base Initiatives Defense Economic Reinvestment Act of 1993 - Title I: Worker and Military Personnel Assistance Programs - Directs the Secretary of Defense to establish a program to assist displaced defense workers, at-risk defense workers, and military personnel involuntarily separated from active duty in obtaining reemployment in defense dependent areas. Directs the Secretary to enter into agreements to pay 25 percent of the first-year wages of such workers to public or private employers who hire them. Provides a similar incentive program with respect to defense facilities that have begun or announced the termination of employees before enactment of this Act due to completion or curtailment of a defense contract. Authorizes FY 1994 appropriations. Amends the Internal Revenue Code to: (1) allow an additional credit against Federal unemployment tax for employers who contribute to a reemployment assistance fund maintained under a State law certified by the Secretary of Labor; (2) lower the percentage rate of Federal unemplo…