St. Petersburg officials, as well as community leaders have launched an effort to reduce poverty in the city.

The ambitious 2020 Plan aims to reduce the levels of poverty in some of the city's poorest neighborhoods by 30 percent.

According to partner newspaper the Tampa Bay Times, one of its first initiatives of the plan is a campaign to get 200 young people jobs by next year.

Additional moves will include involving private business partners, targeting parents to strengthen families, invest in "skills gap closing" projects and raise public-private capital to seed more small businesses.

The plan calls for an investment of about $170 million over the next five years. Organizers said they will raise funds through grants, governments and philanthropic foundations.