### Municipal Government Issued Final Round of Tijuana Fund Trust Credits
The municipal government of Tijuana has made the final disbursement of credits from the Tijuana Fund Trust, totaling 350 million pesos. According to Luis Antonio Cañedo Ángulo, the Secretary of Economic Development, these funds were primarily allocated to support entrepreneurs aiming to start their first businesses.
**Support for Entrepreneurs**
Cañedo Ángulo emphasized that the initiative focuses on self-employment, encouraging individuals to start any business of their choice with minimal requirements, such as proof of residence and a business map. He also noted that the interest rate on these credits is around 3%, significantly lower than the standard rates which can reach up to 22%.
Despite these incentives, approximately 40% of the recipients have failed to repay their credits. This marks the conclusion of the current administration’s efforts to bolster local entrepreneurship through the Tijuana Fund Trust.
### Evaluating the Use of Fidem Funds for Educational Infrastructure
Officials are considering redirecting resources from the Fideicomiso de Fondos Tijuana (Fidem) to enhance educational infrastructure. The objective is to support the expansion and improvement of local educational facilities, ensuring better resources for students in Tijuana.
### Additional Context and Developments
**Plans to Reallocate Funds for Homeless Relief**
The municipal government is also exploring the option of utilizing Fidem funds to assist people living on the streets. This initiative aims to provide necessary resources and support for the homeless community.
**Stagnation of Fidem Rules**
While there have been discussions about potential changes to the Fidem guidelines, the government has decided to maintain the current rules. However, plans for fortifying the educational system remain in place.
**Reactivating Scholarships for Private High Schools**
Due to a shortage of available spots in public schools, there are plans to reactivate scholarship programs for private high schools. This would help ease the burden on public institutions and provide more educational opportunities for students.
**Response to Extreme Weather**
Despite the recent heatwave, basic education classes were not suspended. Officials may consider halting classes if high temperatures persist.
**Ongoing Staffing Shortages at Primary Schools**
Some primary schools, including Insurgentes Primary School, have been facing persistent teacher shortages, affecting the quality of education for students.
**Military Card Application Invitation**
Young residents who have not yet applied for their military service card are invited to do so. An upcoming ceremony on September 12 will distribute the non-liberated military cards, with a subsequent lottery in November to determine who will need to complete their military service.
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### Related News
**Economic Impact of Power Outages on Tijuana’s Maquiladoras**
Recent power outages have significantly impacted Tijuana’s maquiladoras, with some companies having to send their employees home early or suspend operations altogether. Alfredo Dueñez reported that these disruptions have led to substantial losses for the manufacturing sector.
**Fluctuations in Tijuana’s Exchange Rate**
For those interested in the financial aspects, the current exchange rates for buying and selling U.S. dollars in Mexican banks can be consulted to stay updated on currency value fluctuations.
**Weather Forecast: Cooler Temperatures Expected**
Tijuana residents can expect a drop in temperatures with a maximum of 24°C and partly cloudy skies forecasted for Wednesday.
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