In general, what businesses want from their communities is a stable market. They want customers and they want the government to provide an environment that will be fairly predictable. They do not want, for example, to have to worry about the government expropriating their property or enacting laws that make a firm's investments worth much less than the firm had thought they would be.
What communities want from businesses is good products at good prices, preferably in ways that are socially responsible and ethical. They do not want, for example, extractive industries to destroy their environment and they do not want employers who abuse employees. They want businesses to provide goods and services, but to do so in a way that does not harm the overall community.