1. Short title This Act may be cited as the Rural Outdoor Investment Act . 2. Outdoor recreation grants Title II of the Public Works and Economic Development Act of 1965 is amended by inserting after section 207 ( 42 U.S.C. 3147 ) the following: 208. Outdoor recreation grants (a) Definition of outdoor recreation In this section, the term outdoor recreation means all recreational activities undertaken for pleasure that— (1) generally involve some level of intentional physical exertion; and (2) occur in nature-based environments outdoors. (b) Establishment The Secretary shall make grants to eligible recipients for outdoor recreation projects to spur economic development, with a focus on rural communities. (c) Authorization of appropriations There are authorized to be appropriated to the Secretary for each of fiscal years 2024 through 2028— (1) $30,000,000 for grants under section 201 for outdoor recreation projects to spur economic development, with a focus on rural communities; (2) $5,000,000 for grants under section 203 for outdoor recreation projects to spur economic development, with a focus on rural communities; and (3) $2,500,000 for grants under section 207 for outdoor recreation projects to spur economic development, with a focus on rural communities. . 3. Training for rural funding opportunities for outdoor recreation Beginning not later than 180 days after the date of enactment of this Act, the Assistant Secretary of Commerce for Economic Development, in consultation with the Administrator of the Small Business Administration and the Secretary of Agriculture, shall develop a partnership agreement— (1) to provide for the development of— (A) basic training, including in-person or modular training sessions, for small business concerns (as defined in section 3 of the Small Business Act ( 15 U.S.C. 632 )) and rural communities relating to existing funding opportunities for outdoor recreation, including funding opportunities for— (i) business development; (ii) community planning