Jay Z Photo: CFP

Rapper Jay Z joined Los Angeles Mayor Eric Garcetti on Wednesday to announce that his music festival, "Budweiser Made in America," will be coming to Los Angeles in August, giving the annual music bash a second venue.

Grammy-winning Jay Z launched the "Made in America" festival in 2012 in Philadelphia with Anheuser-Busch's Budweiser beer brand and concert company Live Nation Entertainment in an effort to bring together diverse musical acts such as hip hop, pop, rock, country and others.

"Putting together a music festival that blurred those lines of genres and all walks of life and all people can come, and it's in this city, it's not some far-off place that you can't get to," the 44-year-old rapper said.

Garcetti touted the positive economic impact the inaugural festival, which featured performances by Pearl Jam, Drake, Rita Ora and Jay Z himself, had on Philadelphia, bringing in more than $10 million for the local economy and increasing the hotel occupancy rate to more than 90 percent.

"We are the 'City of Angels,' and we throw a world-class party. The music industry has helped build this city and always played a critical role here in this town," Garcetti said.

The festival is part of recently elected Garcetti's "back-to-basics" agenda to boost the Los Angeles economy. He said one in seven jobs in the city is arts-related, and hoped that Los Angeles would be "the perfect West Coast home for the festival."

The festival, which will be held on August 30 and 31, will bring an estimated 50,000 people to downtown Los Angeles.
Newspaper headline: Rapper Jay Z brings 'Made in America' music festival to Los Angeles