Business mogul Diddy knows good investments and continues to sew seeds in the future leaders of tomorrow.

This past Wednesday, he announced the opening of a brand new capital prep school — his third prep school to date — in The Bronx fully operating on virtual instruction in light of the pandemic, REVOLT reports.

According to Billboard, the new school is scheduled to open on Sept. 8 in the borough’s Co-Op City neighborhood allowing nearly 200 underserved sixth and seventh graders to attend in its first year.

Capital Prep Bronx also has expansion plans that include growing up to 650 students in grades 6 through 11 over the next five years.

“My dream has always been to provide children, in communities like the Bronx, the high quality education they deserve,” Diddy shared in a statement. “We’re not just teaching reading, math and coding. We are grooming future leaders that will change their communities and the world.”

Diddy and his partner Dr. Steve Perry — a renowned educator and founder of Capital Prep Schools — have worked together for the past two years to open two other prep schools under the Capital Preparatory Schools name in Harlem and Bridgeport, Connecticut, Billboard reports.

“We couldn’t be more excited to open our next school together in Co-Op City, a community rooted in social justice and diversity,” said Dr. Perry in a statement. “While opening up remote at first is bittersweet, we have developed a best in class approach to online learning we are excited to implement with our new families.”

He added: “The Capital Prep college prep model is perfectly poised to transition into the digital space and we are excited to deliver a rigorous education to this inaugural class of scholars.”

Diddy — a known advocate of education — has pledged $1 million toward the Bronx location, according to REVOLT, as he understands the importance of investing in overlooked youth in impoverished communities.

“I understand the importance of access to a great education, and the critical role it plays in a child’s future,” he previously shared in a statement. “Our school provides historically disadvantaged students with the college and career skills needed to become responsible and engaged citizens for social justice.”

To learn more about Capital Preparatory Schools, click here.