High Quality Content by WIKIPEDIA articles! The effects of Hurricane Sandy in New Jersey in 2012 were severe, with economic losses to businesses of up to $30 billion. Hurricane Sandy, the most intense storm of the 2012 Atlantic hurricane season, formed in the Caribbean Sea north of Panama on October 22, 2012. The strengthening hurricane moved northwards, severely impacting areas of the Greater Antilles. As it curved towards the New England region, the hurricane degenerated into an extratropical cyclone, and shortly after the massive storm made landfall on New Jersey on October 29.