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The man who practically invented Jazz festivals is back at it again.

Jazz impresario George Wein founded the Newport Jazz Festival in Rhode Island and the JVC Jazz Fest in New York City. After Wein sold his production company, the longtime festivals lost sponsorship and were cancelled.

On Tuesday, the 83-year-old Wein announced that he would come out of semiretirement to helm several new summer jazz festivals including one in Newport this summer and one in New York next June.

"I think you're gonna see a city, not just Manhattan, but Brooklyn and even up the Bronx, covered with jazz," said Wein. "I want to do a lot more than we've done in the past. I haven't figured out exactly how to do it, cause economics come into the picture. But I think I have the formula in mind."

Wein, who began as a piano player, founded Newport Jazz in 1954 and later the New Orleans Jazz festival, JVC Jazz fest and many others.

He was also was one of the first music promoters to use single corporate sponsorship and he's done it again. The upcoming festival will be called the "CareFusion New York Jazz Festival."

"They found me! I didn't find them! So, that's the joy of my life, we never have been able to solicit sponsors, they always came to us," said Wein.

The folks at CareFusion, a medical products and services company, say sponsoring a jazz festival makes sense.

"It's been shown in a number of studies that music promotes healing, music reduces the need for pain medication, music reduces the need for sedatives, it's a wonderful thing," said CareFusion CEO David Schlotterbeck.

CareFusion has a multi-million dollar deal to sponsor the festival for a year with an option for more years.

The line up for 2010 has not yet been decided, but jazz trumpeter Jon Faddis says no matter what, it's good news all around.

"Once you have a festival, um, a lot of times after concerts, people like to go and visit clubs and just relax and hear more music," said Fadis. "So that, that's good for, that's good for the music, that's good for the clubs, that's good for the, economy of the city. But most importantly, it's good for the soul."

For more details on the festival, visit carefusionjazz.com.