By Piya Sinha-Roy LOS ANGELES (Reuters) - 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 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. "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 helping the hotel occupancy rate increase to more than 90 percent.