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Meek Mill has partnered with Jay-Z’s Roc Nation to launch a new record label titled Dream Chasers Records. The Philadelphia native made the announcement on Tuesday in New York City at the Roc Nation headquarters during a press conference, reports Philly Voice.

“Of course I had offers to do a lot of business with other people, but the relationship we’ve built from (Roc Nation) believing in me through my whole career, through my ups and downs and the morals they showed to me and my team when it wasn’t in their best interest to have showed it — I feel comfortable going through this right here at home,” Mill said, according to the Associated Press.

“We’re ready to work. We’re just starting the beginning of a new chapter, a new page.”

The “Championships” rapper will take on the role of president of the record label and he plans to sign “hard-working artists looking to move the needle,” the AP reported.

Mill will hit the road with Future for their Legendary Nights tour, next month. In August, the Amazon documentary Free Meek will also be released. The film chronicle’s the rapper’s fight for exoneration and his work in criminal justice reform.

“We come from the same neighborhoods, been through the same things,” said Jay-Z, who grew up in the Marcy Projects complex in the Bedstuyversant neighborhood of Brooklyn.

“We’re some of the few that made it through … (and) that responsibility is not lost on us. We haven’t made it to this point just to be like, ‘Let’s just irresponsibly live our life.’ We had fun, don’t get me wrong. It’s fun too, but there’s a responsibility that we carry for the entire culture.”

Glennisha Morgan is a Detroit-bred multimedia journalist and writer. She writes about intersectionality, hip-hop, pop culture, queer issues, race, feminism, and her truth. Follow her on Twitter @GlennishaMorgan.