[5][6] In June 2014, the entrepreneur Benjamin Steinbruch, CEO of the National Steel Company (CSN) and Vicunha Group became president of FIESP, replacing Skaf, who is running for the state of São Paulo government.

In 1928, a group of business owners from the São Paulo Trade Association led by Jorge Street, Francisco Matarazzo and Roberto Simonsen founded the Center of Industries of the State of São Paulo (CIESP), a private association that supports and represents industries interests.

The federation comprises 133 business associations and 130,000 industries, uniting sectors that make up 42% of Brazil's Gross Domestic Product (GDP).

[14] In October 2007, FIESP sent a letter to Brazilian business owners that listed the reasons why the Provisional Contribution on the Movement or Transmission of Values, Credits and Financial Nature CPMF should be extinguished.

[16] In November of that year, FIESP also filed an unconstitutionality lawsuit against the law that approved an increase in the Urban Land and Building Tax (IPTU), with an average of 55% for households and 88% for businesses in the city of São Paulo.

[19] The Special Institution of the São Paulo Court of Justice suspended the property tax increase in December of that year.

[20] In June 2014, FIESP completed a partnership with the Center for Information and Coordination of Dot BR (NIC.br) and developed a software for fixed broadband monitoring.

[21] In September 2015, FIESP started a campaign called Não Vou Pagar o Pato, against the increase in taxes and against the return of the CPMF.

[23] The FIESP's building headquarters is one of the city's major architectural landmarks and one of the main attractions on Paulista Avenue due to its pyramid shape.

In 1998, the building was redesigned by the architect Paulo Mendes da Rocha to include the construction of a cultural center on the ground floor.