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Jay-Z announces festival in downtown Los Angeles

ROUGH CUT (NO NARRATION) Rapper Jay Z joined Los Angeles Mayor Eric Garcetti on Wednesday (April 16) to announce that his music festival, "Budweiser Made in America," will be coming to downtown 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. 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 helping the hotel occupancy rate increase to more than 90 percent. 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-relate

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