Look on craigslist or your local greensheet type paper for a used rotary, you can use it to power your mill, grinder or whatever.
I've got a 10 HP rotary for the 0509 I have, plus a 7.5 for the Hardinge, I don't have $2k in them together, both bought used. Both these units have other equipment wired into them thru seperate breaker boxes. The 0509, gives that 10HP all it wants, especially with frequent stop/start cycles, it is a 4 HP motor, my master electrician that installed it, predicted the occasional trip on startup. He was right, not often, but every now and then. Can not imagine a VFD standing up as well in that service, it's a pretty big startup current rush.