Formation
The International Spy Museum was formed as a for-profit organization by Milton Maltz and The Malrite Company. Milton Maltz, a code-breaker during the Korean War, founded the Malrite Communications Group in 1956 (which later became The Malrite Company) and was CEO until it was sold in 1998.
The Malrite Company provided half of the foundation cost of the International Spy Museum. The other $20 million came from the District of Columbia as enterprise zone bonds and TIF bonds. The International Spy Museum is part of the ongoing rejuvenation of the Penn Quarter in D.C., kicked off in the 1990s by the Pennsylvania Avenue Development Corporation.
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