Officials say the theme is "St. Joseph Welcomes the Chiefs" and banners will be judged on spirit and creativity.
There is no age limit and banners can be any size.
1st prize will receive $75.
Members of the Chamber say the banners are important for welcoming the chiefs.
Banners can be dropped off at the Community Tent between 1:30 p.m. and 2: 00 p.m. at Friday's "Red Rally."
Sponsors ask those entering to leave their name and number with their banner.
They also ask that artists not use the official Chiefs logo.