Got the table now I need a good arm and cart combo

So I finally got my first turntable, a Townsend Rock. Now I need to find a tonearm and cartridge. It would be nice to fine a new arm/cart combo.

Please share,
If you want to buy new a Jelco arm with an Ortofon Red would be within your budget when you include the arm cable. It is my understanding that you can upgrade the cartridge in the future by using the stylus assembly from the more expensive models in the series. However, the Red is good as it is, I have one.
Thanks gentlemen. This is very helpful, I will begin to hunt. Keep the ideas rolling, especially if you see something for sale that I should be paying attention to.
I don't know anything about the Townsend, does this one have a trough for vibration control? Can it be used with any headshell? Is there an arm length that fits this table? What about an armboard, do you have one or will you be making your own so you can drill it for the correct mounting distance? Keep in mind also, TT setup is a whole nother science altogether.
I ask these questions because I started with a Technics table and Dynavector 10x5 cartridge. This is the type of table setup that is ready to go and not be overwhelming to someone starting out. I have since put together a VPI Aries 3 table and SME arm which was not a big deal since VPI sells ammboards for the Aries 3. Another thing to consider is the tonearm cable and phono preamp. I have a Sim Audio LP 5.3 phono pre that can be adjusted for just about any cartridge. I also found out soon that a record cleaner is a must.
I live in the Cleveland area, good luck trying to find and audition a turntable at a dealer.
I bring these points up because vinyl is not easy or convenient. I sold my digital front end for my first two years of getting back into vinyl, now if I had to choose between the two, the vinyl would stay, although I like both. Starting with a (almost) ready to run rig gave me a chance to learn while I listened.
Good luck, sorry I can't help with an arm choice,
The Townsend does have a trough. I have a Rega armboard, the table came with a rega rb 300.

It also has a haddock arm board as well as a third. I am aware of the limits of NEO audio, but am learning that there is a great fraternity of people that have great stuff to audition and are a wealth of knowledge and experience. Check ChadNliz on agon for instance.

as far as set up goes, I plan to have a few guys over for lunch and to let them listen to what I have, make suggestions, and enjoy the music. More than a few are interested to hear the table, and there are a few others that have been wanting to listen to the Chapman speakers and the odyssey amps.

As for today, I am headed out to enjoy the glorious weather that seens to be hard to come by these days in NEO.
The rega RB300 is a match for the townshend. In fact, their excalibur tonearm is based on an RB300 with different bearings and other stuff depending on the version. The Rock III will take a high energy cartidge, especially when using the trough. Do you still have the cartridge paddle attachment. I am using a Monster Alpha 2 on my Rock III with great results. Try the ZYX Airy series made by the same inventor. Does your seismic sink still hold air?