Governor Confirms FIDEM Will Be Replaced by Statewide Trust

Governor Announces End of FIDEM, Pending Approval

Governor Marina del Pilar confirmed that Baja California’s Business Development Trust (FIDEM) will be shut down. Although the new law still needs legislative approval, she made it clear—FIDEM’s days are numbered.

For years, FIDEM supported infrastructure and tourism projects across the state. Now, the state plans to manage those funds through a single centralized trust.

“This change will bring more transparency and oversight,” said the governor. She believes this new structure will reduce red tape and improve how public money is spent.

Some business groups raised concerns. They worry about losing local input and control. However, the state argues this move will allow faster and more direct funding decisions.

If Congress approves the initiative, decisions about economic development funding will shift to the state government. Local boards will no longer manage those resources.

This is a major shift for Baja California’s economic strategy. We’ll keep you updated as lawmakers take it to vote.

Luisa Rosas-Hernández

Luisa Rosas-Hernández is a writer for the Gringo Gazette North, where she covers Baja’s wine scene, good eats, and public safety—with a healthy dose of wit and no bad news allowed. By day, she’s a health researcher recognized by Mexico’s National System of Researchers (SNI), and by night, she handles the Gazette’s finances and dabbles in social media—making sure the numbers add up and the posts pop. When she’s not chasing stories or crunching data, you’ll likely find her in the Valle enjoying a glass of red (or a crisp white with oysters)… for research purposes, of course.

See Full Bio