I agree with all the advice that has been given. You can't go wrong with new Quincy, Champion, or Ingersoll-Rand, provided that the pump and head are made of cast iron.
However, I went a different route when I bought my compressor recently. I took the $700 I was planning on spending on a new compressor, and bought a used 220v industrial compressor from a fabrication shop that was going out of business. Although it is over 30 years old and has some scratches on it, it runs great, and the pump has a 24" diameter flywheel/pulley, so it runs at very low RPM's for long life. The pump and motor are much beefier than anything I could have afforded new. While most new compressor pumps I've seen have a 2-quart oil capacity, this pump holds 2-gallons of oil. Although I may have trouble getting spare parts if something breaks, I'm betting that with proper maintenance nothing will go wrong anytime soon. Just be sure anything you look at doesn't require 3-phase power, unless you have that available at your shop (I don't).
Basically, I always try to buy high-quality used equipment, rather than buying cheaper-made new equipment. Something to think about.
- Mike