Today, Jay-Z is expected to announce that he will be headlining and curating the inaugural Budweiser Made in America Festival in Philadelphia. The festival will take place at Fairmount Park over Labor Day weekend (September 1st and 2nd), and will feature 28, genre-spanning acts. A portion of the proceeds from tickets, which can be purchased through Ticketmaster and Live Nation starting May 23rd, will be given to the United Way of Greater Philadelphia and Southern New Jersey. (Jay has partnered with the United Way previously, donating proceeds from the second of his Carnegie Hall shows in February to the United Way of New York City.) It's anticipated that Jay-Z and Philly mayor Michael A. Nutter will hold a press conference later today, check back here for more details.
Update 5/14/2012: Jay-Z did not reveal lineup details at the press conference in Philadelphia this morning, but said that "70 percent" of artists performing have been confirmed. He spoke about his love for the city, stating, "Everyone knows my love affair with Philly from the amazing, talented artists I've signed" prompting rapper Freeway to join him on stage. Jay also mentioned that he will be doing film work with Will Smith, a Philadelphia native.