1. Short title This Act may be cited as the Increasing our Nation's Value through Economic Support and Tourism in Our Communities Act or the INVEST in Our Communities Act . 2. Definitions Section 3 of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3122 ) is amended— (1) by redesignating paragraphs (8) through (12) as paragraphs (10), (11), (12), (14), and (15), respectively; (2) by inserting after paragraph (7) the following: (8) Outdoor recreation The term outdoor recreation means all recreational activities, and the economic drivers of those activities, that occur in nature-based environments outdoors. (9) Project predevelopment The term project predevelopment means a measure required to be completed before the initiation of a project, including— (A) planning and community asset mapping; (B) training; (C) technical assistance and organizational development; (D) feasibility and market studies; (E) demonstration projects; and (F) other predevelopment activities determined by the Secretary to be appropriate. ; and (3) by inserting after paragraph (12) (as so redesignated) the following: (13) Travel and tourism The term travel and tourism means any economic activity that primarily serves to encourage recreational or business travel within the United States or from abroad. . 3. Increase in Federal share Section 204 of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3144 ) is amended— (1) in subsection (a)(1), by striking 50 and inserting 60