Meek Mill has been in a Jay-Z state of mind as the Philadelphia rapper-turned-entrepreneur is launching a new record label in a joint venture with the NYC native’s Roc Nation.

The two hip-hop players celebrated the launch of Dream Chasers Records on Tuesday at the Roc Nation headquarters in New York City, signing contracts at a small press conference and popping champagne to celebrate the partnership. Mill, 32, will lead the company as president, overseeing the label and its staff.

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

This isn’t the first time the two artists have teamed up, as Jay, Mill and others joined forces earlier this year to form a coalition that lobbies for changes to state probation and parole laws, called the Reform Alliance.

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