Recommended Tools and Machinery for Your Team's Machine Shop

[catacon]

We currently have the following:

Metal bandsaw
Multiple bench grinders
Multiple table sanders
Two tabletop drill presses
Two floor standing drill presses
Three-axis manual mill
12" lathe
Miller MIG welder setup for aluminum (Argon, wire feed gun, etc.)
Lincoln MIG welder setup for steel (Argon/CO2 mix, etc.)

And we just recently gained access to:
3D printer
Laser cutter (mostly for acryllic)
Water jet
and soon a CNC

(These won't be in house, though, since our shop is fairly small.)